NetEase Inc (NEH) - Net Assets
Based on the latest financial reports, NetEase Inc (NEH) has net assets worth €160.93 Billion EUR (≈ $188.15 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€214.49 Billion ≈ $250.76 Billion USD) and total liabilities (€53.56 Billion ≈ $62.61 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check NEH asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €160.93 Billion |
| % of Total Assets | 75.03% |
| Annual Growth Rate | 19.2% |
| 5-Year Change | 71.68% |
| 10-Year Change | N/A |
| Growth Volatility | 11.37 |
NetEase Inc - Net Assets Trend (2015–2024)
This chart illustrates how NetEase Inc's net assets have evolved over time, based on quarterly financial data. Also explore how large is NetEase Inc's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for NetEase Inc (2015–2024)
The table below shows the annual net assets of NetEase Inc from 2015 to 2024. For live valuation and market cap data, see market value of NetEase Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €142.49 Billion ≈ $166.59 Billion |
+11.25% |
| 2023-12-31 | €128.08 Billion ≈ $149.74 Billion |
+17.64% |
| 2022-12-31 | €108.87 Billion ≈ $127.28 Billion |
+9.66% |
| 2021-12-31 | €99.28 Billion ≈ $116.07 Billion |
+19.62% |
| 2020-12-31 | €83.00 Billion ≈ $97.03 Billion |
+32.60% |
| 2019-12-31 | €62.59 Billion ≈ $73.18 Billion |
+36.00% |
| 2018-12-31 | €46.03 Billion ≈ $53.81 Billion |
-0.88% |
| 2017-12-31 | €46.44 Billion ≈ $54.29 Billion |
+20.73% |
| 2016-12-31 | €38.46 Billion ≈ $44.97 Billion |
+31.17% |
| 2015-12-31 | €29.32 Billion ≈ $34.28 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to NetEase Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 375.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €130.33 Billion | 93.98% |
| Other Components | €8.35 Billion | 6.02% |
| Total Equity | €138.69 Billion | 100.00% |
NetEase Inc Competitors by Market Cap
The table below lists competitors of NetEase Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Valero Energy Corporation
NYSE:VLO
|
$62.18 Billion |
|
Air Products and Chemicals Inc
NYSE:APD
|
$62.29 Billion |
|
Apollo Global Management LLC Class A
NYSE:APO
|
$62.77 Billion |
|
Rheinmetall AG
F:RHM
|
$62.87 Billion |
|
Atlas Copco AB Series A
ST:ATCO-A
|
$62.05 Billion |
|
Motorola Solutions Inc
NYSE:MSI
|
$61.87 Billion |
|
Fortinet Inc
NASDAQ:FTNT
|
$61.83 Billion |
|
Simon Property Group Inc
NYSE:SPG
|
$61.60 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NetEase Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 124,285,776,000 to 138,685,606,000, a change of 14,399,830,000 (11.6%).
- Net income of 29,697,609,000 contributed positively to equity growth.
- Dividend payments of 11,165,338,000 reduced retained earnings.
- Share repurchases of 8,830,115,000 reduced equity.
- Other factors increased equity by 4,697,674,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €29.70 Billion | +21.41% |
| Dividends Paid | €11.17 Billion | -8.05% |
| Share Repurchases | €8.83 Billion | -6.37% |
| Other Changes | €4.70 Billion | +3.39% |
| Total Change | €- | 11.59% |
Book Value vs Market Value Analysis
This analysis compares NetEase Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.22x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.96x to 2.22x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €13.93 | €97.00 | x |
| 2018-12-31 | €14.14 | €97.00 | x |
| 2019-12-31 | €19.03 | €97.00 | x |
| 2020-12-31 | €24.52 | €97.00 | x |
| 2021-12-31 | €29.12 | €97.00 | x |
| 2022-12-31 | €32.49 | €97.00 | x |
| 2023-12-31 | €38.71 | €97.00 | x |
| 2024-12-31 | €43.78 | €97.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NetEase Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.41%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.20%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.41x
- Recent ROE (21.41%) is below the historical average (22.19%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 23.03% | 29.54% | 0.55x | 1.41x | €3.81 Billion |
| 2016 | 30.39% | 30.40% | 0.66x | 1.52x | €7.79 Billion |
| 2017 | 23.41% | 19.79% | 0.76x | 1.55x | €6.13 Billion |
| 2018 | 13.60% | 9.16% | 0.77x | 1.92x | €1.63 Billion |
| 2019 | 34.56% | 35.85% | 0.53x | 1.82x | €15.09 Billion |
| 2020 | 14.69% | 16.37% | 0.52x | 1.73x | €3.85 Billion |
| 2021 | 17.68% | 19.24% | 0.57x | 1.61x | €7.32 Billion |
| 2022 | 19.42% | 21.08% | 0.56x | 1.65x | €9.86 Billion |
| 2023 | 23.67% | 28.43% | 0.56x | 1.50x | €16.99 Billion |
| 2024 | 21.41% | 28.20% | 0.54x | 1.41x | €15.83 Billion |
Industry Comparison
This section compares NetEase Inc's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $2,424,881,842
- Average return on equity (ROE) among peers: -1.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NetEase Inc (NEH) | €160.93 Billion | 23.03% | 0.33x | $62.10 Billion |
| Boyaa Interactive International Limited (1BY) | $2.22 Billion | 10.94% | 0.13x | $227.49 Million |
| STILLFRONT GRP AB SK-07 (1YS0) | $13.85 Billion | 0.05% | 0.63x | $192.76 Million |
| 5TH PLANET GAMES DK -50 (2HG1) | $23.46 Million | -69.28% | 0.21x | $49.39 Million |
| MOVIE GAMES S.A. ZY1 (2LH) | $33.24 Million | 25.29% | 0.18x | $4.33 Million |
| NetDragon Websoft Holdings Limited (3ND) | $7.07 Billion | 15.01% | 0.54x | $555.49 Million |
| ASIASOFT CORP.-NVDR-05 (5ASA) | $1.02 Billion | 26.31% | 0.36x | $19.97 Million |
| PLAY2CHILL S.A. ZY -10 (688) | $3.39 Million | -9.90% | 0.04x | $1.77 Million |
| PUNCH PUNK S.A. ZY-10 (6K7) | $4.09 Million | -9.68% | 0.46x | $390.05K |
| IMAGE POWER S.A. ZY -10 (7UQ) | $-211.77K | 0.00% | 0.00x | $724.14K |
| SIMFABRIC SA ZY-10 (853) | $19.32 Million | -6.66% | 0.54x | $4.62 Million |
About NetEase Inc
NetEase, Inc. engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally. The company operates through Games and Related Value-Added Services; Youdao; NetEase Cloud Music; and Innovative Businesses and Others segments. It develops and operates mobile and PC games; and offers games licensed from other develo… Read more